The new pricing went into effect over the weekend. The $60 plan drops down to $50 per month when customers choose Verizon’s Edge handset upgrade program, in which customers pay off their phones in monthly installments. Data overage charges are $15 per GB.

Verizon’s new offer competes with AT&T Mobility’s $60 per month plan with unlimited voice, texting and 2.5 GB of data. However, AT&T requires customers to finance their device through AT&T’s Next handset upgrade plan, bring their own phone or buy their phone at full cost.